Cardano Summit Sees Launch Of Exciting New Partnerships
27 Septiembre 2021 - 06:00PM
NEWSBTC
The Cardano Summit has now officially come to an end. Saturday and
Sunday saw live and virtual events from around the world, while
notable figures in the crypto space spoke at the event, including
the founder of Cardano Charles Hoskinson. The event brought a lot
of excitement to the space and allowed community members to
interact with one another from around the world. But most notable
has been the announcements of new partnerships made at the event.
Related Reading | Billionaire Mike Novogratz Says He’s “Not
Nervous” About Crypto Sell-Off In the weeks leading up to the
event, the founder, developers, and individuals involved in the
Cardano project had teased a lot of exciting new partnerships
coming to the blockchain. Some of these announcements had been
anticipated by the community. Mostly ones related to decentralized
finance projects debuting on the network. But a couple of others
were completely new to the space. Cardano Partners With Veritree To
Fight Climate Change Climate change and crypto’s contribution to
the problem is one that no doubt has to be addressed. In response
to this, Cardano announced at the summit that it is taking
proactive steps to fight this growing problem. Veritreeis a
subsidiary of Tentree, a company that makes sustainable apparel by
planting 10 trees for each clothing item sold. Using Veritree, the
company aims to track its tree-planting efforts around the world.
Veritree which has planted 68 million trees in the past ten years
has had a hard time keeping track of the trees it has planted. And
using Cardano’s blockchain technology, Veritree can provide
“immutable, transparent and audible blockchain-based report on all
of Veritree’s afforestation and reforestation efforts — using a
fraction of the carbon footprint of other blockchains.” DeFi, NFTs,
Staking, And More Given the fact that smart contracts were deployed
on the Cardano network not too long ago, announcements were
expected on this front and the project did not fail. Developers
behind the project announced various partnerships to this end,
ranging from NFTs to staking. NFT marketplace Rival joins the long
list of new partners of the network to enable the creation and
distribution of NFTs. As well as allowing NFTs to be redeemed in
exchange for physical goods and distributing marketplace-based
royalties. This will help improve the experience of users when
minting and using NFTs on the Cardano ecosystem. Related Reading
| Why Cardano Bull Trend Isn’t Over And 91% Increase Is
Imminent, deVere CEO Nigel Green Another partnership with UBX, a
UnionBank fintech venture studio, brings public stake pools to the
public. This will allow users to earn rewards for staking their ADA
tokens to help maintain and secure the blockchain. Furthermore, a
partnership with AID:tech brings decentralized finance identity
solutions to the blockchain. Using AID:tech, users can easily
verify ownership, allowing a large number of transactions to be
processed in a short time. Other partnerships include a deal with
cable provider and Fortune 500 company Dish Network/Boost Mobile to
integrate its telecom services with the Cardano blockchain. And
another partnership with Chainlink will give developers who are
building on the blockchain to develop smart contracts and other
solutions on the network. Speaking on these recent partnerships,
the founder of Cardano, Charles Hoskinson, explained, “We have to
do a lot of science, a lot of innovation, and a lot of
engineering.” Featured image from Medium, chart from
TradingView.com
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